Are you acquainted with the name of NAI Austin? It is one of the leading, most experienced and knowledgeable commercial real estate firms in the domain of Central Texas and has been an integral part of Austin’s growth since 1975. The central objective of the firm is to make available convenient real estate brokerage solutions by means of combined teamwork, experience, research and commitment. Now, in order to move forward and attain excellence to a great degree, NAI Austin is going to be part of accelerated marketing program, called “Commercial Property PowerSale.” This entire program has been created by NAI Global with the noble intention of helping property owners and financial institutions discard troubled real estate.
Let’s get into the matter with greater concentration. Well, the principal aim of the program, as has been found, is to save NAI’s clients in distress and also to provide them an option, during any fiscal crisis, for selling commercial real estate while maintaining certain control over the terms and conditions of the sale.
Speaking on this Jeffrey Finn, President and CEO of NAI Global told emphatically, “Delinquencies are on the rise, and with an estimated $400 billion of commercial real estate loans coming due in 2009, we believe there is an urgent need for nontraditional marketing.” “The days of buyers standing in line for each new offering ended abruptly with the credit crisis in 2008. With limited access to new capital, more and more property owners are faced with a difficult situation — what to do with their troubled assets as loans come due in a depressed economy and with a distressed debt market.”
What’s more, the program is open to private and institutional owners and will take account of the sale of commercial real estate equity and loans. Furthermore, if there is any seller, he/she can submit an individual asset or an entire portfolio. The types will include office, industrial, retail, hospitality and multifamily properties, as well as residential subdivisions and land for development.
Last but not least, performing and nonperforming commercial real estate loans may also be offered for sale.
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